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Long & Foster and NY State MLS join Juwai.com!
By Juwai, 21 September 2015
We're proud to welcome aboard two new partners in the US – Long & Foster and NY State MLS!
The US has long been a favourite with China's cash-rich property investors, and Juwai data reveals that the US remains the #1 property destination for Chinese buyers seeking international property abroad.
With these two new partnerships, Chinese buyers will now find it easier than ever to property hunt in the US.
Long & Foster
Long & Foster – the largest family-owned real estate company in the US – will work together with Juwai to bring homebuyers from mainland China to the mid-Atlantic and Northeast regions.
“This partnership with Juwai.com creates a direct link between Long & Foster listings and buyers in the fastest growing market in the world. Engaging with Chinese buyers is a strategic move that will have benefits for years to come,” said P. Wesley (Wes) Foster, Jr., founder and CEO of The Long & Foster Companies.
Of the states where Long & Foster actively operate in (North Carolina, Maryland, Pennsylvania, New Jersey, Delaware, Virginia, West Virginia, and the District of Columbia), the current forerunner is North Carolina.
According to the Juwai.com Purchasing Intent Index, North Carolina residential properties rose 115.9% in Q2 2015, while Virginia and Maryland follow-up in second and third place with an increase of 83.3% and 77.9% respectively.
NY State MLS (NYSMLS)
Elsewhere on the East Coast, another new partner to come aboard Juwai is NY State MLS (NYSMLS), which covers all 62 counties across the New York state.
With the Big Apple as the second favourite US city for Chinese property investors, the partnership between NY State MLS and Juwai.com is timely, and will boost exposure of all NYSMLS listings to offer better access to Juwai’s monthly audience of 2.6 million Chinese HNWIs (high net worth Chinese).
“Syndicating listings directly to Juwai.com will be a true benefit for our members, because it is the number one source of Chinese buyers. [...] Many agents are hearing directly from sellers that they want their property marketed in China,” said NYSMLS President Dawn Pfaff.
We're excited to have both Long & Foster and NY State MLS on board, and we look forward to great things to come with them!